Protecting property agents and consumers
MR PALANISAMY Ramadas called on the Council for Estate Agencies (CEA) to do more to protect property agents, and consider legislating commissions due to them ("Property agents don't have it easy"; June 1).
The CEA regulates estate agency work in Singapore, and ensures that real estate sales staff comply with the Estate Agents Act.
Consumers may choose to handle property transactions on their own or engage sales staff to do so. Consumers are more likely to engage the professional services of sales staff who have good knowledge of estate agency work.
The payment and amount of commission are contractual matters between the consumer and his sales staff.
To safeguard the interests of both the consumer and sales staff, the CEA has prescribed estate agency agreements for the sale, purchase or lease of residential properties in Singapore.
The CEA advises consumers and sales staff to use the prescribed agreements to put on record the commission agreed on by both parties.
Heng Whoo Kiat
Deputy Director (Licensing)
Council for Estate Agencies
The Straits Times / Forum Published on Friday, 19 June 2015
Protecting property agents and consumers
Protecting property agents and consumers
Please click the following for other Related Readings:
Alexandra Hospital closes for renovation; Ng Teng Fong General Hospital officially opens today
Sales of 2 condos at Sentosa Cove raise hopes of rebound
Corridors of discontent at Pasir Ris One
Freehold redevelopment site in Katong up for tender
33 Parklane basement units for sale
Warehouse market faces challenges in short term: Reit boss
Slower sales, fewer visitors hit Q2 shop rents
$483m top bid for private home site in Queenstown
More details of new HDB scheme revealed
Pasir Panjang Terminal's $3.5b expansion kicks off
Eye on Lavender: Transformation in progress
Centrale 8 in spotlight over defects
Private home prices 'could fall another 10% in next 2 years'
Buy resale flat near parents? Financial help is key: Experts
Private home sales up but prices down
Dawson's SkyVille and SkyTerrace projects are raising the bar for stylish public housing
In pictures: Stylish BTO projects at Dawson's SkyTerrace and SkyVille
24% apply for BTO flats under schemes to help families live closer together: Minister Khaw Boon Wan
Singapore surprised by Malaysian transport agency stating preference to end high-speed rail in Johor
Malaysia's transport agency says CEO misquoted on high-speed rail
Sungei Pandan waterfront site may yield 600 homes
Toa Payoh private residential site draws 14 bids
Protecting property agents and consumers
Frasers Hospitality buys boutique hotel group in Britain
Alexandra Hospital closes for renovation; Ng Teng Fong General Hospital officially opens today
Freehold redevelopment site in Katong up for tender
33 Parklane basement units for sale
Warehouse market faces challenges in short term: Reit boss
Slower sales, fewer visitors hit Q2 shop rents
$483m top bid for private home site in Queenstown
More details of new HDB scheme revealed
Pasir Panjang Terminal's $3.5b expansion kicks off
Eye on Lavender: Transformation in progress
Centrale 8 in spotlight over defects
Private home prices 'could fall another 10% in next 2 years'
Buy resale flat near parents? Financial help is key: Experts
In pictures: Stylish BTO projects at Dawson's SkyTerrace and SkyVille
24% apply for BTO flats under schemes to help families live closer together: Minister Khaw Boon Wan
Singapore surprised by Malaysian transport agency stating preference to end high-speed rail in Johor
Sungei Pandan waterfront site may yield 600 homes
Toa Payoh private residential site draws 14 bids
Protecting property agents and consumers
PM suggests cycling track option for Rail Corridor
Economists lower Singapore's growth forecast to 2.7%
No comments:
Post a Comment